LaFleur Minerals Advances Growth Strategy at Beacon Mill and Swanson Gold Project Amidst Volatile Gold Market
LaFleur Minerals Inc. is making progress on restarting its Beacon Gold Mill and developing the Swanson Gold Project in Quebec, capitalizing on a volatile gold market that has seen prices swing between US$4,500 and US$5,000 per ounce.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing a multi-pronged growth strategy centered on its Beacon Gold Mill and the Swanson Gold Project in the Abitibi greenstone belt of Quebec, a region that has produced over 300 million ounces of gold historically and currently. The company's efforts come during a period of significant volatility in the gold market, with prices fluctuating between US$4,500 and US$5,000 per ounce after reaching a high of US$5,400 earlier in 2025.
CEO Paul Ténière highlighted the busy quarter, noting that the company has been focused on major developments. LaFleur is working to restart operations at its fully permitted and refurbished Beacon Gold Mill, which has a capacity of over 750 tonnes per day. The mill is being considered for processing mineralized material from the Swanson project and for custom milling operations for other nearby gold projects. To improve logistics, the company has been in talks with rail officials about building a new spur line that would extend directly from the rail line crossing the property to the mill, enhancing transit efficiency.
The Swanson Gold Project, spanning approximately 183 square kilometers, includes 445 mineral claims and one mining lease. The project hosts several prospects rich in gold and critical metals, including the Swanson, Bartec, and Jolin gold deposits. Recent diamond drilling intercepts have shown promising results, including 2.05 g/t Au over 158.25 meters and narrow high-grade sections such as 121.0 g/t Au over 1.1 meters. The company anticipates potential for additional open-pit gold recovery across the project's length.
LaFleur's strategic acquisitions and experienced management aim to protect shareholder value through efficient financing. The recent prosperity in the gold market has enhanced the company's overall prospects. The Swanson Gold Project is easily accessible by road, providing direct access to several nearby gold mills, further boosting its development potential.
The company is focused on advancing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Its mission is to deliver long-term value through the resource-stage Swanson Gold Project and the Beacon Gold Mill. For more details, the full article is available here, and the latest news and updates relating to LFLRF can be found in the company's newsroom here.